BlockFi limits its platform activity and pauses client withdrawals amid the FTX crisis.
In a Twitter post, BlockFi clarified that this is due to the lack of clarity on the FTX issue. The announcement comes two days after BlockFi COO, Flori Marquez, took to Twitter to share her views regarding the FTX debacle.
Marquez had previously, in a series of Nov. 8 Twitter posts, assured investors that all deposits, withdrawals, trading, and lending were up and running.
1) All @BlockFi products are fully operational.
— Flori Marquez (@FounderFlori) November 8, 2022
As part of that announcement, the COO disclosed that BlockFi has a $400 million loan from FTX.US, which will remain an independent entity until at least July 2023.
Earlier, Sam Bankman-Fried, the CEO of FTX, clarified on his latest Twitter thread that the recent issues with the exchange are related to FTX international, while FTX.US user funds are safe.
Crypto firms are stressing transparency
As the crisis ravaging FTX continu
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